This study, prepared for the Canadian Boreal Initiative, examines the ecosystem goods and services provided by Canada's boreal region, including water storage and purification, climate regulation, and carbon storage. The economic value of the non-market services provided by the boreal region is estimated at $93.2 billion per year. By comparison the net market value of resource extraction activities is estimated at $37.8 billion. The value of the current total carbon stored in Canada's boreal is estimated at $3.7 trillion. Flood control and water filtering services are identified as the most economically significant service provided by the boreal, with an annual value of more than $80 billion per year. The report makes a series of recommendations regarding gaps in data and information about the state of the boreal, and future management decision-making about the region.

B.C.’s forthcoming clean growth strategy represents a big opportunity for the province to demonstrate to the rest of Canada how policies to secure a clean and prosperous economy can be implemented successfully.

Renewable energy prices are dropping, making it easier for companies to purchase renewable energy to meet sustainability targets or carbon compliance at affordable prices. Find out why Alberta is the perfect place to start non-utility procurement in Canada.

Subscribe

Our perspectives to your inbox.

The Pembina Institute endeavors to maintain your privacy and protect the confidentiality of any personal information that you may give us. We do not sell, share, rent or otherwise disseminate personal information. Read our full privacy policy.